Headlines about Jacobs Engineering Group (NYSE:JEC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Jacobs Engineering Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 48.1639361480606 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- SATORP Awards Jacobs General Engineering Services Contract (finance.yahoo.com)
- $4.24 Billion in Sales Expected for Jacobs Engineering Group Inc (JEC) This Quarter (americanbankingnews.com)
- Jacobs Former Chairman and CEO Noel Watson Passes Away (finance.yahoo.com)
- Brokerages Anticipate Jacobs Engineering Group Inc (JEC) to Announce $1.21 EPS (americanbankingnews.com)
A number of research analysts have recently commented on JEC shares. Bank of America raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday, May 11th. Vertical Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Credit Suisse Group increased their target price on shares of Jacobs Engineering Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Macquarie raised shares of Jacobs Engineering Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 8th. Finally, UBS Group increased their target price on shares of Jacobs Engineering Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $78.85.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue was up 65.3% compared to the same quarter last year. analysts anticipate that Jacobs Engineering Group will post 4.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 2nd. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.
In other news, Director Robert C. Davidson, Jr. sold 700 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $65.95, for a total value of $46,165.00. Following the completion of the transaction, the director now owns 28,618 shares of the company’s stock, valued at $1,887,357.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher M.T. Thompson acquired 4,000 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was purchased at an average cost of $64.10 per share, with a total value of $256,400.00. Following the purchase, the director now directly owns 15,318 shares of the company’s stock, valued at $981,883.80. The disclosure for this purchase can be found here. Corporate insiders own 0.74% of the company’s stock.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.
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